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Three index reports on port bulk commodity and maritime trade released in E. China’s Qingdao

August 17, 2022


Abstract : Three industry index reports, namely international shipping hub development index - RCEP regional report (2022), Xinhua-Shandong Port bulk commodity index annual operational report (2022), RCEP maritime trade index report (2022), were officially unveiled at the 2022 Qingdao Land-Sea Linkage Seminar, which was held on Monday in Qingdao, east China's Shandong province.

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Photo: the 2022 Qingdao Land-Sea Linkage Seminar kicks off on Monday in Qingdao, east China's Shandong province.

BEIJING, Aug. 17 (Xinhua) -- Three industry index reports, namely international shipping hub development index - RCEP regional report (2022), Xinhua-Shandong Port bulk commodity index annual operational report (2022), RCEP maritime trade index report (2022), were officially unveiled at the 2022 Qingdao Land-Sea Linkage Seminar, which was held on Monday in Qingdao, east China's Shandong province.

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Photo:Gong Xixiang, secretary general of Xinhua News Agency, speaks at the 2022 Qingdao Land-Sea Linkage Seminar held on Monday in Qingdao, east China's Shandong.

Gong Xixiang, secretary general of Xinhua News Agency, noted that as a pioneer and leader of China's economic information business, Xinhua News Agency will further exert the advantages of information resources to push forward the development of maritime trade and bulk commodity trade, and help create a new regional development pattern.

On a basis of the Xinhua-Baltic international shipping center development index, the international shipping hub development index report is deemed as another influential index to evaluate the comprehensive performance of major shipping hubs in members of the Regional Comprehensive Economic Partnership (RCEP). 

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Photo: Cao Wenzhong, vice president of China Economic Information Service (CEIS), makes a speech at the 2022 Qingdao Land-Sea Linkage Seminar held on Monday in Qingdao, east China's Shandong.

Cao Wenzhong, vice president of China Economic Information Service (CEIS) under the Xinhua News Agency, said that the international shipping hub development index focuses more on the logistics hub capacity elements and port own capacity, which is another world-class port and shipping evaluation index launched by CEIS.

Xinhua-Shandong Port bulk commodity index was jointly developed and compiled by Shandong Port Group Co., Ltd. and CEIS. Initiated from 2021, the index has gradually enriched varieties and now forms a comprehensive monitoring system covering Shandong Port’s iron ore and coke commodity prices, which has provided value benchmark and effective reference for port trade activities.

In the future, the varieties involved in Xinhua-Shandong Port bulk commodity index will be further enriched, and the index will also be extended to cover other coastal ports.

On top of that, the RCEP maritime trade index incorporates two primary dimensions to truly reflect the fluctuation trend of maritime trade among RCEP members.

Experts noted that the release of three index reports will be conductive to further speed up the digitization of port bulk commodity trade and facilitate the interconnection of industrial and supply chains worldwide.

(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: RCEP

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